|
Report Date : |
25.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
BECKSÖNDERGAARD
APS |
|
|
|
|
Registered Office : |
Emdrupvej 26 D Dk-2100
Copenhagen Ø |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
29.06.2004 |
|
|
|
|
Com. Reg. No.: |
APS331265 |
|
|
|
|
Legal Form : |
Private Limited Liability
Company |
|
|
|
|
Line of Business : |
Import and wholesale trade
in fashion accessories for ladies and gentlemen, such as scarves, leather
handbags, knitted products, gloves etc. |
|
|
|
|
No. of Employees : |
11 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Denmark |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
DENMARK - ECONOMIC OVERVIEW
This thoroughly modern market economy features a high-tech agricultural sector, state-of-the-art industry with world-leading firms in pharmaceuticals, maritime shipping and renewable energy, and a high dependence on foreign trade. Denmark is a member of the European Union (EU); Danish legislation and regulations conform to EU standards on almost all issues. Danes enjoy among the highest standards of living in the world and the Danish economy is characterized by extensive government welfare measures and an equitable distribution of income. Denmark is a net exporter of food and energy and enjoys a comfortable balance of payments surplus but depends on imports of raw materials for the manufacturing sector. Within the EU, Denmark is among the strongest supporters of trade liberalization. After a long consumption-driven upswing, Denmark's economy began slowing in 2007 with the end of a housing boom. Housing prices dropped markedly in 2008-09 and, following a short respite in 2010, continued to decline in 2011 though at a slower pace. The global financial crisis has exacerbated this cyclical slowdown through increased borrowing costs and lower export demand, consumer confidence, and investment. The global financial crises cut Danish real GDP by 0.8% in 2008 and 5.8% in 2009. Denmark made a modest recovery in 2010 with real GDP growth of 1.3%, in part because of increased government spending; however, the country experienced a technical recession in late 2010-early 2011. Historically low levels of unemployment rose sharply with the recession and have remained at about 6% in 2010-11, based on the national measure, about two-thirds average EU unemployment. An impending decline in the ratio of workers to retirees will be a major long-term issue. Denmark maintained a healthy budget surplus for many years up to 2008, but the budget balance swung into deficit in 2009. In spite of the deficits, the new coalition government plans to deliver a modest stimulus to the economy in 2012. Nonetheless, Denmark's fiscal position remains among the strongest in the EU at 46.5% of GDP in 2011. Despite previously meeting the criteria to join the European Economic and Monetary Union (EMU), so far Denmark has decided not to join, although the Danish krone remains pegged to the euro. Denmark held the EU presidency during the first half of 2012; priorities included promoting a responsible, dynamic, green, and safe Europe, while working to steer Europe out of its euro zone economic crisis.
Source
: CIA
COMPANY’S
NAME BECKSÖNDERGAARD ApS
ADDRESS Emdrupvej
26 D
DK-2100
COPENHAGEN Ø
TELEPHONE-NO +45 35 83 70 83
TELEFAX-NO +45 35 83
70 84
E-MAIL-ADDRESS email@becksondergaard.com
LOCAL CURRENCY D K K
FOUNDATION 29.06.2004
CENTRAL
BUSINESS-REG-NO CVR.-No.:26990564
COMPANY-REG-NO APS331265
EU-VAT-ID-NO DK26 99 05 64
LEGAL FORM Private
Limited Liability Company
SHARE CAPITAL DKK 125.000,00
SHAREHOLDERS Anna Søndergaard
Holding ApS 50 %
Lis
Clausen Beck Holding ApS 50
%
AUDITORS AP
STATSAUTORISEREDE REVISORER I/S
Farum
Hovedgade 9
3520
FARUM
MANAGING DIRECTORS Anna Søndergaard
Rosenvængets
Hovedvej 19
2100
COPENHAGEN Ø
Lis
Clausen Beck
Hvedevej
9
2700
BRØNSHØJ
AUTHORISED SIGNATORY The Directors each singly
ACTIVITY Import
and wholesale trade in fashion
accessories
for ladies and gentlemen, such as
scarves,
leather handbags, knitted products,
gloves
etc.
EMPLOYEES 11
TURNOVER Figures
are strictly confidential
GROSS RESULTS 2010 DKK 8.939.319,00
2011
DKK 12.861.444,00
SUBSIDIARIES None
FINANCIAL STANDING The financial situation
is sound.
ACCOUNTS See
latest published balance-sheet on page 3.
REAL ESTATE Facilities
are rented.
SECURITIES
-Company mortgages DKK 1.500.000,00
PAYMENTS Nothing
detrimental has been noted
BANKERS Danske
Bank A/S
Frederiksberggade
1
1459
COPENHAGEN K
CREDIT OPINION Business- and
credit connection admissible
EXTRACT IN 1000 DKK
OPERATING RESULTS 6.679 2.456
RESULTS BEFORE TAXES 7.209 2.528
-Financial assets 215 44
-Intangible assets 0 0
CURRENT ASSETS 9.960 6.926
-Current receivables 6.195 3.622
-Inventories 3.554 2.736
-Cash, bank etc. 212 568
EQUITY & LIABILITIES
SHORTTERM LIABILITIES 6.556 3.081
-Suppliers 868 523
-Bankers 3.227 860
LONGTERM LIABILITIES 0 0
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.85 |
|
|
1 |
Rs.85.25 |
|
Euro |
1 |
Rs.71.72 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
|
Report Date : |
25.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
BECKSÖNDERGAARD
APS |
|
|
|
|
Registered Office : |
Emdrupvej 26 D Dk-2100
Copenhagen Ø |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
29.06.2004 |
|
|
|
|
Com. Reg. No.: |
APS331265 |
|
|
|
|
Legal Form : |
Private Limited Liability
Company |
|
|
|
|
Line of Business : |
Import and wholesale trade
in fashion accessories for ladies and gentlemen, such as scarves, leather
handbags, knitted products, gloves etc. |
|
|
|
|
No. of Employees : |
11 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Denmark |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
DENMARK - ECONOMIC OVERVIEW
This thoroughly modern market economy features a high-tech agricultural sector, state-of-the-art industry with world-leading firms in pharmaceuticals, maritime shipping and renewable energy, and a high dependence on foreign trade. Denmark is a member of the European Union (EU); Danish legislation and regulations conform to EU standards on almost all issues. Danes enjoy among the highest standards of living in the world and the Danish economy is characterized by extensive government welfare measures and an equitable distribution of income. Denmark is a net exporter of food and energy and enjoys a comfortable balance of payments surplus but depends on imports of raw materials for the manufacturing sector. Within the EU, Denmark is among the strongest supporters of trade liberalization. After a long consumption-driven upswing, Denmark's economy began slowing in 2007 with the end of a housing boom. Housing prices dropped markedly in 2008-09 and, following a short respite in 2010, continued to decline in 2011 though at a slower pace. The global financial crisis has exacerbated this cyclical slowdown through increased borrowing costs and lower export demand, consumer confidence, and investment. The global financial crises cut Danish real GDP by 0.8% in 2008 and 5.8% in 2009. Denmark made a modest recovery in 2010 with real GDP growth of 1.3%, in part because of increased government spending; however, the country experienced a technical recession in late 2010-early 2011. Historically low levels of unemployment rose sharply with the recession and have remained at about 6% in 2010-11, based on the national measure, about two-thirds average EU unemployment. An impending decline in the ratio of workers to retirees will be a major long-term issue. Denmark maintained a healthy budget surplus for many years up to 2008, but the budget balance swung into deficit in 2009. In spite of the deficits, the new coalition government plans to deliver a modest stimulus to the economy in 2012. Nonetheless, Denmark's fiscal position remains among the strongest in the EU at 46.5% of GDP in 2011. Despite previously meeting the criteria to join the European Economic and Monetary Union (EMU), so far Denmark has decided not to join, although the Danish krone remains pegged to the euro. Denmark held the EU presidency during the first half of 2012; priorities included promoting a responsible, dynamic, green, and safe Europe, while working to steer Europe out of its euro zone economic crisis.
Source
: CIA
COMPANY’S
NAME BECKSÖNDERGAARD ApS
ADDRESS Emdrupvej
26 D
DK-2100
COPENHAGEN Ø
TELEPHONE-NO +45 35 83 70 83
TELEFAX-NO +45 35 83
70 84
E-MAIL-ADDRESS email@becksondergaard.com
LOCAL CURRENCY D K K
FOUNDATION 29.06.2004
CENTRAL
BUSINESS-REG-NO CVR.-No.:26990564
COMPANY-REG-NO APS331265
EU-VAT-ID-NO DK26 99 05 64
LEGAL FORM Private
Limited Liability Company
SHARE CAPITAL DKK 125.000,00
SHAREHOLDERS Anna Søndergaard
Holding ApS 50 %
Lis
Clausen Beck Holding ApS 50
%
AUDITORS AP
STATSAUTORISEREDE REVISORER I/S
Farum
Hovedgade 9
3520
FARUM
MANAGING DIRECTORS Anna Søndergaard
Rosenvængets
Hovedvej 19
2100
COPENHAGEN Ø
Lis
Clausen Beck
Hvedevej
9
2700
BRØNSHØJ
AUTHORISED SIGNATORY The Directors each singly
ACTIVITY Import
and wholesale trade in fashion
accessories
for ladies and gentlemen, such as
scarves,
leather handbags, knitted products,
gloves
etc.
EMPLOYEES 11
TURNOVER Figures
are strictly confidential
GROSS RESULTS 2010 DKK 8.939.319,00
2011
DKK 12.861.444,00
SUBSIDIARIES None
FINANCIAL STANDING The financial situation
is sound.
ACCOUNTS See
latest published balance-sheet on page 3.
REAL ESTATE Facilities
are rented.
SECURITIES
-Company mortgages DKK 1.500.000,00
PAYMENTS Nothing
detrimental has been noted
BANKERS Danske
Bank A/S
Frederiksberggade
1
1459
COPENHAGEN K
CREDIT OPINION Business- and
credit connection admissible
EXTRACT IN 1000 DKK
OPERATING RESULTS 6.679 2.456
RESULTS BEFORE TAXES 7.209 2.528
-Financial assets 215 44
-Intangible assets 0 0
CURRENT ASSETS 9.960 6.926
-Current receivables 6.195 3.622
-Inventories 3.554 2.736
-Cash, bank etc. 212 568
EQUITY & LIABILITIES
SHORTTERM LIABILITIES 6.556 3.081
-Suppliers 868 523
-Bankers 3.227 860
LONGTERM LIABILITIES 0 0
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.85 |
|
|
1 |
Rs.85.25 |
|
Euro |
1 |
Rs.71.72 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.